SK Wealth Management LLC Takes Position in Marriott International, Inc. (NASDAQ:MAR)

SK Wealth Management LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,343 shares of the company's stock, valued at approximately $831,000.

A number of other institutional investors have also made changes to their positions in MAR. Principal Financial Group Inc. grew its stake in shares of Marriott International by 1.7% in the third quarter. Principal Financial Group Inc. now owns 263,638 shares of the company's stock worth $65,540,000 after acquiring an additional 4,301 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Marriott International in the 3rd quarter worth $2,721,000. Tidal Investments LLC increased its holdings in shares of Marriott International by 86.8% during the 3rd quarter. Tidal Investments LLC now owns 16,375 shares of the company's stock worth $4,071,000 after purchasing an additional 7,607 shares during the period. Optimist Retirement Group LLC raised its position in shares of Marriott International by 7.7% during the third quarter. Optimist Retirement Group LLC now owns 894 shares of the company's stock valued at $222,000 after buying an additional 64 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Marriott International during the third quarter worth about $1,260,000. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAR. Stifel Nicolaus raised their price objective on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of Marriott International from $249.00 to $286.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Macquarie restated a "neutral" rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Finally, Mizuho raised their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $266.25.

Marriott International Stock Performance

MAR traded down $3.35 during midday trading on Monday, hitting $280.31. The company had a trading volume of 1,021,003 shares, compared to its average volume of 1,435,953. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The firm's 50-day simple moving average is $279.78 and its 200-day simple moving average is $252.95. The company has a market capitalization of $77.90 billion, a PE ratio of 29.32, a P/E/G ratio of 5.47 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.11 EPS. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. Marriott International's payout ratio is presently 26.36%.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares of the company's stock, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is currently owned by insiders.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.